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Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego SA (KPD) Fair Value & Analysis

Basic Materials · PL · Market cap 32.4M PLN (≈ $8.7M) · ISIN PLKPPD000017

KP Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego SA KPD · WAR
Price20.80 PLN
Fair Value61.28 PLN
Upside+194.6%
Quality61/100
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Strengths

Trades 66% below our fair value of 61.28 PLN
Low debt · generates free cash flow
Ranks above peers (9/13)

Risks

!Weak Growth (revenue 5y +0.9 %/yr)
!Loss-making · -6.1% net margin
!Narrow moat 10/100
!Evidence only medium, so the estimate is less certain
Weak Growth (revenue 5y +0.9 %/yr)
Loss-making · -6.1% net margin
Low debt · generates free cash flow
Ranks above peers (9/13)
Narrow moat 10/100
Evidence: Medium Range 40.55 PLN – 82.01 PLN Share as image

Fair value as of: Aug 23, 2026

From 9 valuation models · updated 8 days ago

Fair value updated Aug 23, 2026, revised from 11.55 PLN to 61.28 PLN (+430.6%) since Aug 13, 2026. Share price +16.9% over the past month.

A solid business, trading 66% below our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price is below even our cautious bear case (40.55 PLN). The market is more pessimistic than our downside scenario.
  • Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (40.55 PLN to 82.01 PLN) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

99.30 PLN 17.70 PLN Fair Value 61.28 PLN Aug 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.

How to read this chart

60‑month range 17.70 PLN – 99.30 PLN · fair‑value band 40.55 PLN – 82.01 PLN · the 20.80 PLN price screens below the 61.28 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 23, 2026.

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Analysis

Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego SA (KPD) currently trades at 20.80 PLN, while our model-based Fair Value estimate is 61.28 PLN, implying the stock looks roughly 194.6% undervalued today. The Quality Score stands at 61/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego SA generated revenue of 332M PLN at a net margin of -6.1%. Revenue grew 7.0% year over year. It earns a return on equity of -20.4%. Net debt stands at 12.7M PLN. Fundamentals as of Aug 23, 2026

Our scenario range runs from 40.55 PLN (bear case) to 82.01 PLN (bull case); at 20.80 PLN, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 34% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -39% fair-value upside, at 195%, KPD screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF best evidence 44.42 PLN 54.80 PLN 68.32 PLN 82
Growth DCF 45.07 PLN 54.69 PLN 66.57 PLN 80
5Y Revenue Exit 46.77 PLN 65.66 PLN 90.07 PLN 73
All 9 models by family
DCF Models
FCF DCF best evidence 44.42 PLN 54.80 PLN 68.32 PLN 82
5Y Revenue Exit 46.77 PLN 65.66 PLN 90.07 PLN 73
10Y Revenue Exit 44.33 PLN 59.05 PLN 76.19 PLN 68
Dividend Discount
Gordon GGM 27.86 PLN 35.79 PLN 42.61 PLN 69
DDM Multi-Stage 27.86 PLN 35.71 PLN 43.23 PLN 67
Multiples
EV/Revenue 52.28 PLN 73.01 PLN 93.74 PLN 54
Asset-Based
NCAV (Graham) 27.57 PLN 36.94 PLN 55.14 PLN 54
Growth DCF
Growth DCF 45.07 PLN 54.69 PLN 66.57 PLN 80
Rev-Margin DCF 46.77 PLN 66.44 PLN 88.41 PLN 73

Widest divergence: Multiples (73.01 PLN) versus Dividend Discount (35.71 PLN). Highest evidence: FCF DCF (82).

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Key figures & financial health

P/S ratio 0.10 TTM
EPS (TTM) -12.50 PLN
Net margin -6.1% FY2025
Return on equity -20.4% TTM
Return on assets (EBIT) 0.6% avg 5y
Operating margin -2.2% TTM
More key figures
Growth
Revenue (TTM) 332M PLN TTM
Revenue growth (YoY) +7.0% 3y avg -11.2%
EPS growth (YoY) -70.0%
Balance sheet & cash flow
Free cash flow 8.6M PLN FY2025
Net debt 12.7M PLN FY2025 · ≈ 1.5 yrs of FCF

Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 60 · Market factors (momentum, volatility) 32

Profitability 26
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 49
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego Spólka Akcyjna produces and sells lumber products in Poland and internationally.

Full company description

Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego Spólka Akcyjna produces and sells lumber products in Poland and internationally. The company offers softwood and construction lumber; softwood planned and impregnated timber; timber for garden development; pine cladding; softwood rounded wood; hardwood lumber; glued boards; firewood; and parts for sawmill machinery. It primarily serves building carpentry producers, furniture factories, commercial warehouses, producers of garden programs and glued goods, and carpentry and impregnation centers for railway sleepers. Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego Spólka Akcyjna was incorporated in 2001 and is headquartered in Szczecinek, Poland.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego SA reported revenue of 332M PLN in FY2025 versus 416M PLN in FY2021, a compound −5.5%/yr. Reported net income was −20.3M PLN in FY2025.

Growth Quality 31/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
332M PLN
Latest YoY
+1.8%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−11.2%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+0.9%
Avg. revenue growth/yr (17Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.7%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −5.5%/yr
FY21 416M PLN
FY22 474M PLN
FY23 356M PLN
FY24 326M PLN
FY25 332M PLN
Net income
FY21 35.0M PLN
FY22 52.7M PLN
FY23 −18.1M PLN
FY24 −44.2M PLN
FY25 −20.3M PLN

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Cite: Fair Value Calculator (2026). "Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego SA Fair Value". https://www.fairvalue-calculator.com/stock/KPD

Peer Group

Lumber & Wood Production · 81 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 61 · Top 25%
Fair Value upside +195% · Top 25%
Return on assets -6% · Bottom 25%
Net margin (TTM) -6% · Below median
Operating margin (TTM) -2% · Below median
Revenue growth 7% · Above median
Dividend yield (TTM) 19.6% · Top 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Lumber & Wood Production median · lower = cheaper

P/B 0.10× · Cheaper than 75% of peers
P/S (TTM) 0.03× · Cheaper than 75% of peers
P/FCF 1.0× · Cheaper than median
EV/EBITDA 1.7× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 6
FUTURE35 · sector 0
PAST0 · sector 2
HEALTH99 · sector 92
DIVIDEND100 · sector 48

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Lumber & Wood Production stocks, each showing price versus our Fair Value estimate (as of Aug 23, 2026).

Stock Price Fair Value vs Fair Value
Simpson Manufacturing Co SSD $182.07 $145.26 -20%
West Fraser Timber Co WFG C$94.11 C$33.38 -65%
UFP Industries, Inc UFPI $88.29 $107.07 +21%
Stella-Jones Inc SJ C$75.22 C$92.56 +23%
Boise Cascade Company BCC $84.25 $51.39 -39%
Century Plyboards (India) Limited CENTURYPLY ₹751.05 ₹201.01 -73%
DeHua TB New Decoration Material Co 002043 ¥12.58 ¥14.78 +17%
Canfor Corporation CFP C$14.77 C$4.54 -69%
Interfor Corporation IFP C$13.98 C$6.43 -54%
Kangxin New Materials Co 600076 ¥3.11 ¥0.6700 -78%

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Frequently asked questions

Is Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego SA (KPD) overvalued or undervalued?
As of Aug 23, 2026, our model estimates a fair value of 61.28 PLN versus a price of 20.80 PLN, about +195% (undervalued).
What is the fair value of KPD?
Our model-based fair value for Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego SA is 61.28 PLN (as of Aug 23, 2026), built from audited fundamentals. The current price: 20.80 PLN.
What is the quality score of KPD?
Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego SA has a Quality Score of 61/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego SA (KPD)?
Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego SA reported trailing-twelve-month revenue of about 332M PLN (latest available figure, as of Aug 23, 2026).
What is the net profit margin of KPD?
The net profit margin of Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego SA is about -6.1%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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